Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Sri Lankan Citizen Reveals Harrowing Details of Being Trafficked into Laos

Due to the country's severe economic crisis, many Sri Lankans decided to seek employment overseas last year, only to find themselves stranded in Laos,...

Laos Prepares to Host ASEAN Tourism Forum in 2024

As ASEAN Chair in 2024, Laos will also host the ASEAN Tourism Forum in January, allowing nations in the bloc to discuss matters related...

Laos Imports Fuel Worth USD 125 Million From Vietnam in 2022

According to AEC connect, Laos' fuel import from Vietnam rose by 439 percent and was worth USD 125 million last year. Overall exports from Vietnam...

South Korea’s Biggest Low Cost Carrier Expands Flights to Laos and Vietnam

Jeju Air, South Korea's largest low-cost carrier, will start operating flights between Laos and Korea from 20 April. The company stated that flights will commence...

Laos Tests Digital Currency with Japanese Blockchain Company

The central bank of Laos has piloted a digital currency project with a Japanese blockchain firm to grow the digital economy and cashless payment...

Laos, China, Thailand Operate First Round-Trip Freight Train

The first China-Laos-Thailand freight train departed from Kunming on Tuesday carrying nine cold-chain containers packed with about 280 tonnes of fresh vegetables for export to...